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Foreign subsidies tool would be undermined by exemptions to some countries, EU official says

By Tono Gil ( January 25, 2022, 15:26 GMT | Insight) -- Allowing non-EU countries with robust anti-subsidy controls to be exempt from the EU’s draft law to tackle distortive foreign subsidies would “undermine” the whole system, said Christof Schoser, a European Commission official involved in drafting plan. Christophe Hansen, the lawmaker leading the file in the European Parliament, wants financial contributions from foreign countries with “equivalent” subsidy control systems as the EU’s to be excluded from the notification process. Allowing non-EU countries with robust anti-subsidy controls to be exempt from the EU’s draft law to tackle distortive foreign subsidies would “undermine” the whole system, an EU official has said. ...

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